Equity Market extends losing streak to two consecutive days. Shed 0.77%.
The Equity Market closed lower today, shedding 0.77%, extending yesterday’s negative sentiment. The downturn was due to lower performance of industrial goods sector among others. The Market breadth closed negative, recording 11 gainers against 27 losers.
In summary, the All Share Index (ASI) was down by 272.27 absolute points, representing an decrease of 077%, closing at 35,086.67 points. Similarly, the Market Capitalization was down by N99.40 billion, representing an decrease of 0.77%, closing at N12.81 trillion.
The downturn was impacted by losses recorded in medium and large capitalized stocks, amongst which are; DIAMONDBNK (-9.35%), FO (-7.83%), ACCESS (-3.16%), OANDO (-2.78%), GUARANTY (-2.69%), DANGFLOUR (-2.45%), DANGSUGAR (-2.45%), ZENITHBANK (-1.59%), DANGCEM (-0.44%), ETI (-0.25%) and FLOURMILL (-0.22%).
The Naira at the inter-bank rate closed unchanged at N306.15 against yesterday’s closing price.
The Investors and Exporters (I&E) FX window opened at N362.50, traded high at N364.00 and eventually closed at N362.32, representing 0.20% appreciation against yesterday’s closing price. A total of $131.82 million was transacted through the I&E window today.
We expect the FX Market to trade within existing range in the next session.
Overnight (O/N) rate closed at 11.67%, representing a 0.08% depreciation against yesterday’s closing position, while Open Buy-Back (OBB) rate closed at 10.67% representing a 0.08% appreciation against yesterday’s closing position.
We expect the Money Market to trade within existing range in the next session.
Top 7 Gainers Total Number of Gainers (11)
Top 7 Losers Total Number of Lossers (27)
Top 7 Traders By Volume
Top 7 Traders By Value